Circle Trading App Gives Spot to Bitcoin SV (BSV)

[Ozark]

Circle’s Invest App has now added the option to buy Bitcoin SV (BSV), in addition to re-launching Bitcoin Cash (BCH) markets.

https://twitter.com/circleinvest/status/1072878978116001792

The app, which aims to bring crypto assets to mainstream adoption, has given another boost to the ambitions of Bitcoin SV. A month after the alternative chain branched, then completely forked away from the other version of Bitcoin Cash, most exchanges are starting to adopt the asset and open their wallets. The networks have proven relatively stable, although Bitcoin SV is still unavailable on some markets.

Poloniex, the exchange acquired by Circle, also offered both of the assets, at least until the market underwent maintenance in the past days. Poloniex is yet to reopen its wallets for deposits and withdrawals.

Both BCH and BSV prove to be extremely risky, and nearly a month after the fork trade on extremely thin volumes, especially for relatively prominent coins with significant exchange representation. The confusion around the hard fork led to the troubles with trading.

BCH sank to $96.77 and a record low in BTC prices after the most recent sell-off on the markets. BSV sank even lower, to $85.72, with no signs of managing to “flippen” the BCH asset. Despite the clean split between the two chains, the prices were affected by the wars, where at one point it was uncertain which chain would receive the official BCH ticker.

Because of the very short history of BSV, there were critics against adding the ticker, which is not even a month old. The Circle app selection of assets is relatively small, and it lists a handful of well-established coins with high liquidity.

BSV, however, is quickly gaining supporters, while seeing Dr. Craig Wright and Calvin Ayre of Coingeek come to the defense of the asset. The chief appeal of BSV is the aim to propagate large blocks, scaling on-chain. For now, it is still relatively difficult to propagate extremely large blocks, and this will be done under stress test conditions initially.

Neither the author nor the publication assumes any responsibility or liability for any investments, profits, or losses made as a result of this information. Cryptocurrency trading and investing are risky propositions, and market participants are advised to always conduct thorough research.


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